CASINO HOT NEWS What you need to know about gambling in Seychelles 2020 2 months ago Adeleye Awakan Post Views: 194 The Republic of Seychelles is an archipelago located in the Indian Ocean, off the Eastern coast of Africa and to the north of Madagascar. The country consists of several islands in a total of 115. Still, most of them not inhabited with a populace of over 96, 762 people, the capital city Victoria, lies 1,500 km east of mainland East Africa. At the same time, the official language is English and French, and it is interesting to know that all forms of land-based and online gambling are legal in Seychelles. The most recent legislative document about gaming is the Seychelles Gambling Act of 2014. Under this act, three main types of licenses issued to operators that are interested in doing gambling business, namely. Seychelles casino license, slot machine licenses as well as interactive gaming licence, the act lays down the legal framework for licensing and regulating such operators. Online gambling is also permitted and authorised in Seychelles, and operators are eligible for a license. Gambling License in Seychelles The interested operator, before starting a gambling business must have a certificate confirming the legality of the use of the software which the operator intends to use, as well as the lawfulness to carry out transactions. While the issuance of licenses for casinos and other kinds of gambling takes place only in the territories where gambling is officially authorized, or in which its development does not provide for administrative or criminal responsibility. Seychelles also issue a license for offshore registration of gambling certificates to operators. The Act (online) Interactive Games was adopted in this region in 2003, after which the country obtained the rights of the licensor and began to issue permission for local entrepreneurs and non-residents. The most exciting part of registering a gambling business in Seychelles is the complete absence of taxation both for the gambling structure itself and of its revenues. Documents and Cost of Registration of a Gambling License in Seychelles The interested party must collect the following documents for submission as part of the mandatory materials for consideration in Seychelles: Company’s charter, certificate of registration and data from the state register as well as tax authority, the regulations with conditions and rules of games on the portal of your betting platform or in a land-based casino, you must present the certificate of software supplier, as well as their licenses for the rights to develop software, data on the authorized capital and balance sheet, which must be extracted with the official legal address of the company, the physical location should also publish on the website; also you will present documents proving the payments of utility services (confirm the address of your corporation and indicate the responsibility of the owner); data on the payment system used, level of amount of winnings and fairness of the transaction made. The cost of the license to start a gambling business in Seychelles depends on the number of games as well as other factors. The concrete cost is given after which the analysis of your company activity’s is determined depending on what the interested operator intends to implement in the country. Finally, as stated above all forms of gambling is legal as well as online gaming. Well, looking at the country’s economy, the tourism sector is the main contributor to the island economy as well as casino tourism is booming in Seychelles. According to the figures released by Seychelles National Bureau of Statistics show that tourists visitor in 2019 is 384,204 a record high compared to 2018 of 351,235, while there are currently over five licensed casinos in Seychelles, which most of them situated on the largest of islands, Mahe. The largest casino in the country is the Gran Kaz entertainment centre located in the capital Victoria. The casino offers over 150 slot machines. However, as stated above the absence of taxes for operators in the country Seychelles is definitely an exciting place for gambling business. Adeleye AwakanAuthor E-play Africa, sports betting reviews, thoughtful leardership articles in Africa gambling industry, marketing gaming platforms in Africa with strong networking relationship with gaming operators in Africa, Expertise in PR, marketing communication, and consultant on gaming in Africa. 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